Fraud & scams
SEC filed civil complaint against Nathan Fuller, founder of Privvy Investments, for allegedly operating $12.3 million Ponzi scheme affecting 150+ victims. Fuller falsely claimed to offer access to non-existent AI-based trading algorithms with unrealistic 40-50% returns within 30-45 days.
The SEC charged Nathan Fuller in a crypto asset trading scheme in which he allegedly raised approximately $12.3 million from about 150 investors based on misrepresentations, including that he would use proprietary AI-based trading bots.
On May 26-27, 2026, Federal Court of Australia imposed civil penalties of $50,000 against Castra Licensee Pty Ltd and $45,000 against Princeton Securities (NSW) Pty Ltd after they failed to pay infringement notices issued by AUSTRAC in September 2024 for alleged breaches of the AML/CTF Act.
Money laundering
Global Remit Currency Services, an international money transfer company, faces police investigation for suspected serious violations of Israel's anti-money laundering law.
Sanctions
The AMF Sanctions Commission condemned on 20 May 2026 Mr. Ytane Mamou to a fine of €30,000 and his cousin Mr. Elie Houri to €20,000 for insider trading.
Xie Jianfeng, General Manager of Finance at Sasseur-related company, was convicted and fined S$200,000 on May 19, 2026 for insider trading.
The SEC charged 21 individuals for their alleged involvement in a decade-long insider trading scheme that used information misappropriated from multiple global law firms and resulted in millions of dollars in illicit profits.
Securities & markets
On April 13, 2026, Paris Criminal Court convicted three individuals for insider trading related to Air Liquide's 2015 takeover bid for American company Airgas.
Vincent J. Camarda, Long Island investment adviser and CEO of A.G. Morgan Financial Advisors LLC, pleaded guilty to securities fraud and investment adviser fraud for defrauding 430+ investors (many elderly) of $138-160 million.
Securities & markets
On March 30, 2026, the US Attorney's Office for the Northern District of California announced three indictments charging ten foreign nationals across four cryptocurrency firms GOTBIT, Vortex, Antier, and Contrarian, as part of Operation Token Mirrors.
Securities & markets
FCA imposed £338,000 penalty on Dinosaur Merchant Bank Limited for failing to detect/report suspicious orders and transactions in contract for difference (CFD) business. Breached Article 16(2) UK MAR, Principle 3, SYSC 6.1.1R during June 2024-May 2025.
Money laundering
BaFin imposed three administrative fines totaling €140,000 on Frankfurt-based DLT Securities GmbH for violations of the Anti-Money Laundering Act from at least May 1, 2022 to February 18, 2025.
MAS issued prohibition orders against Wang Qiming (16 years) and Liu Kai (7 years), former relationship managers convicted of charges connected to major August 2023 money laundering case involving S$3 billion.
The Insider investigation analyzed Russian companies' foreign trade data for 2024-2025 and identified over 6,000 foreign firms (including ~4,000 Chinese and Hong Kong, ~300 Turkish, 120 UAE, and 60 Indian companies) directly or indirectly supplying the Russian military-industrial complex while ignoring international sanctions.
FinCEN imposed $80 million civil money penalty against Canaccord Genuity LLC for willful BSA violations during March 2018-June 2024. Largest penalty ever imposed against a broker-dealer for BSA violations. Combined with SEC ($20M) and FINRA ($20M) penalties totaling $120M.
Sanctions
Investigation analyzing 2024-2025 foreign trade data identified over 6,000 companies trading with sanctioned Russian enterprises and defense contractors, including approximately 4,000 Chinese firms (Henan New Silk Road International delivered 100+ turbojet engines worth $3M to sanctioned Chipdevice…
Securities & markets
The Dubai Financial Services Authority (DFSA) imposed a $504,000 fine on Ark Capital Management (Dubai) Limited for ineffective market abuse monitoring systems and controls.
On January 29, 2026, Paris Criminal Court sentenced 5 individuals and 5 legal entities for private corruption, organized market manipulation, and insider trading from 2018. Former CEO Jean-Charles Naouri received 4 years imprisonment (1 year under electronic monitoring) and €1 million fine.
The SEC filed settled charges against Archer-Daniels-Midland Company (ADM) and its former executives for materially inflating the performance of a key business segment, Nutrition.
Sanctions
The AMF Sanctions Committee condemned Makor Securities Paris to a fine of €700,000 and its director Yankel Hassan to €150,000 for serious failings in their market abuse detection system.
The SEC highlighted additional recent fraud cases, including an ATM-related fraudulent scheme involving $770 million from approximately 2,700 investors and a Ponzi scheme in which approximately 300 investors were defrauded of at least $140 million.